Correspondence 0001528621-24-000980 from GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2436 (CIK 0002008093)
GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2436 (CIK 0002008093)
Date: Sept. 23, 2024 · CIK: 0002008093 · Accession: 0001528621-24-000980
AI Filing Summary & Sentiment
File numbers found in text: 333-281706, 811-03763
Letter
Via EDGAR Filing Division of Investment Management Securities and Exchange Commission Washington, DC 20549 Re: Guggenheim Defined Portfolios, Series 2436 Convertible & Income Portfolio of Funds, Series File Nos. 333-281706 and 811-03763
Dear Mr. Brodsky:
This letter responds to the comments given during a telephone conversation with our office regarding the registration statement on Form S-6 for Guggenheim Defined Portfolios, Series 2436, filed on August 22, 2024, with the Securities and Exchange Commission (the “Commission”). The registration statement proposes to offer the Convertible & Income Portfolio of Funds, Series 42 (the “trust”).
PROSPECTUS
Investment Summary — Security Selection
1. On page 3 under “Security Selection,” please disclose how the trust is defining “consistent and competitive dividend” and “adequate liquidity for the trust’s needs”.
Response: In response to the comment, the third bullet in the second paragraph in the “Security Selection” section has been revised as follows:
Consistent Dividend. The sponsor favors funds that have a history of paying dividends that are consistent over time and competitive with their peers.
Additionally, the first bullet in the third paragraph in the “Security Selection” section has been revised as follows:
Liquidity. The sponsor selects ETFs that demonstrate adequate liquidity to be sold if required by the trust.
* * * * *
We appreciate your prompt attention to this registration statement. If you have any questions or comments or would like to discuss our responses to your questions, please feel free to contact the undersigned at (312) 845-3484.
Very truly yours,
Chapman
and Cutler LLP
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Unassociated Document
Chapman and Cutler LLP
320 South Canal Street, 27th Floor
Chicago, Illinois 60606
September 23, 2024
Via EDGAR Filing
Mr. Aaron Brodsky
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re: Guggenheim Defined Portfolios, Series 2436
Convertible & Income Portfolio of Funds, Series
42
File Nos. 333-281706 and 811-03763
Dear Mr. Brodsky:
This letter responds to
the comments given during a telephone conversation with our office regarding the registration statement on Form S-6 for Guggenheim
Defined Portfolios, Series 2436, filed on August 22, 2024, with the Securities and Exchange Commission (the “Commission”).
The registration statement proposes to offer the Convertible & Income Portfolio of Funds, Series 42 (the “trust”).
PROSPECTUS
Investment
Summary — Security Selection
1. On
page 3 under “Security Selection,” please disclose how the trust is defining “consistent and competitive dividend”
and “adequate liquidity for the trust’s needs”.
Response: In response
to the comment, the third bullet in the second paragraph in the “Security Selection” section has been revised as follows:
Consistent Dividend.
The sponsor favors funds that have a history of paying dividends that are consistent over time and competitive with their peers.
Additionally, the first
bullet in the third paragraph in the “Security Selection” section has been revised as follows:
Liquidity. The
sponsor selects ETFs that demonstrate adequate liquidity to be sold if required by the trust.
* * * * *
We appreciate your prompt
attention to this registration statement. If you have any questions or comments or would like to discuss our responses to your questions,
please feel free to contact the undersigned at (312) 845-3484.
Very truly yours,
Chapman
and Cutler LLP
By /s/ Morrison C. Warren
Morrison C. Warren